[§414-352]  Notice of intent to demand
payment.  (a)  If proposed corporate action creating dissenters' rights
under section 414-342 is submitted to a vote at a shareholders' meeting, a
shareholder who wishes to assert dissenters' rights:



(1)  Must deliver to the corporation before the vote
is taken written notice of the shareholder's intent to demand payment for the
shareholder's shares if the proposed action is effectuated; and



(2)  Must not vote the shareholder's shares in favor
of the proposed action.



(b)  A shareholder who does not satisfy the
requirements of subsection (a) is not entitled to payment for the shareholder's
shares under this part. [L 2000, c 244, pt of §1]